Afternoon Market Analysis



Bitcoin surged to 75998 before consecutive red candles formed, with bullish momentum rapidly exhausted and a high-level pullback pattern now established.

Price has broken below the MA7 moving average, trading under pressure below the Bollinger Band midline. The KDJ indicator shows a death cross pointing downward and has entered the oversold zone, sending strong correction signals.

From a funding perspective, signs of profit-taking exits at high prices are significant. Trade volume gradually expanded during the decline, with insufficient bullish follow-through. At 73943, a break below will further explore the 73000 level.

Operation Suggestions

Short-term bounce shorting strategy: Layout short positions in the 74800-75300 range, targeting 73000 first. After breaking that level, continue watching for 72000$BTC $ETH
BTC0.79%
ETH2.35%
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